TINUBU IDENTIFIES CREATIVE SECTOR AS KEY TO ECONOMIC DIVERSIFICATION. (PHOTO).

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  President Bola Tinubu has identified the creative economy as a pivotal element of his administration’s economic diversification agenda, reaffirming his commitment to positioning Nigeria’s creative sector as a driving force for global influence. The President stated this at the launch of the 2024 Abuja International Carnival at Eagle Square, Abuja. President Tinubu, represented by Vice-President Kashim Shettima, said the carnival reaffirms the essence of who Nigerians are—”a people of culture, a people of art, a people of colour, and a people of shared values”. In a statement signed by the Senior Special Assistant to The President on Media & Communications, Office of The Vice President, Stanley Nkwocha, under the theme, “Carnival of Renewed Hope: A Pledge to My Country”, the event showcased performances from across Nigeria and beyond, demonstrating the administration’s commitment to cultural diplomacy. The Federal Ministry of Art, Culture, and the Creative Economy, working alongsi
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FG MOVES TO BOOST FOOD PRODUCTION TO TAME INFLATION-EDUNML.(PHOTO).

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 FG moves to boost food production to tame inflation — Edun


In a bid to tackle inflation and ensure food security, the Federal Government is intensifying efforts to increase food production in the country.


The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in his remarks at the Nigerian delegation’s wrap-up press briefing, during the 2024 IMF/World Bank Annual Meetings in Washington DC, Sunday, stated that the government is focusing on collecting the wet season harvest and identifying small-scale farmers to ensure a good dry season harvest.


Mohammed Manga, Director, Information and Public Relations said in a statement late Sunday night that the Minister stated further that efforts were being intensified to increase food production in the country and that with better harvests, the inflation rate would fall, given that food was responsible for 50 percent of the Consumer Price Index.


He emphasised that “We need to remember that food represents 50 percent of the Consumer Price index.


“So, success in this area will help to drive down inflation in addition to all the other measures that the Governor of the Central Bank of Nigeria, using data, using evidence-based information to fight inflation is implementing.

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